Lenskart, Wakefit get Sebi approval to float public issue

Lenskart Solutions has received approval from the Securities and Exchange Board of India (Sebi) to raise %2,150 crore through initial public offering (IPO), as the eyewear retailer looks to tap the growing demand for affordable prescription glasses and contact lenses.

- PEERZADA ABRAR

The offering consists of 2,150 crore in new shares and the sale of up to 132.3 million existing shares by current investors and company founders.

Among the selling shareholders are cofounders Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi and investors, including SoftBank’s SVF II Lightbulb (Cayman) Limited, Schroders Capital Private Equity Asia Mauritius Limited, PI Opportunities Fund-II, Macritchie Investments Pte Ltd, Kedaara Capital Fund IILLP, and Alpha Wave Ventures LP.